Our market development work is important to achieving our statutory objective to promote competition in, reliable supply by and the efficient operation of the electricity industry for the long-term benefit of consumers.

If an anomalous event or outcome occurs in the market or the broader electricity sector, we investigate it to determine the causes and whether something can or should be done to prevent such an event or outcome from occurring again.

The Authority and the Ministry of Business, Innovation and Employment (MBIE) signed a Memorandum of Understanding (MoU) on 19 September 2014. The MoU replaces and updates the previous MoUs the Authority had with the Ministry of Economic Development and the Ministry of Consumer Affairs, as they are now both part of MBIE.

The MoU helps clarify border issues between MBIE and the Authority, to remove potential confusion for stakeholders.